MobiSwipe secures funding for mobile payments

Investing in mobile payments

MobiSwipe, a mobile payments firm based in Mumbai, has secured funding from early-stage investor One97 Mobility Fund. The undisclosed funding will be used for new hires and to expand the company’s services into new areas including Asia and the Middle East.

MobiSwipe’s mobile service allows merchants to accept debit and credit card payments, which turns Android mobile phones and tablets into point-of-sale devices. 

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